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ALL ORDINARIES Index Down, Wesfarmers (ASX:WES) Shares Drop

Australia’s share market, or the All Ordinaries Index (INDEXASX:XAO)(ASX:XAO), is currently down 0.02% at lunch.
Lunch ASX update

Australia’s share market, or the All Ordinaries Index (INDEXASX: XAO)(ASX: XAO), is currently down 0.02% at lunch.

The Wesfarmers Ltd (ASX: WES) share price is down 3.7% with the retailer launching a takeover offer for the rare earth miner Lynas Corporation Ltd (ASX: LYC) at a sizeable premium to the last closing price.

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The Coles Group Limited (ASX: COL) share price is up 2.7% with the supermarket business announcing a partnership with Ocado for its online grocery shopping technology and to work in its upcoming automated warehouses.

Shares of outdoor retailer Kathmandu Holdings Ltd (ASX: KMD) has risen 1.3% so far in response to the company’s half year report which showed good progress from its recent acquisition Oboz.

Challenger Ltd (ASX: CGF) shares are up 8.2% after the annuity provider announced that it was expanding its relationship with Mitsui Sumitomo Primary Life Insurance.

Shares of Bingo Industries Ltd (ASX: BIN) are up 4.4% after the company confirmed that its Dial A Dump acquisition has completed.

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Jaz Harrison

Jaz is a Staff Writer for Rask. She is a keen investor who loves to thoroughly poke holes in an investment idea before it has a chance of making it into her portfolio. Jaz invests for the long-term and doesn't sweat the small stuff. She strongly believes that empowering people with knowledge is the best way for them to take charge of their finances, which is exactly the approach she takes with her own money and investments.
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